Travel Luggage Bag Market Revenue was valued at USD $22.5 Billion in 2024 and is estimated to reach USD $35.2 Billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.
In 2022, the global travel luggage bag market was valued at approximately USD 19.82 billion, with projections indicating growth to USD 29.79 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. Regionally, Asia Pacific dominated the market, accounting for 37.2% of the global share in 2022, and is anticipated to experience the fastest growth with a CAGR of 6.0% during the forecast period. This surge is driven by factors such as a burgeoning middle class, increased disposable incomes, and a rising inclination towards international travel, particularly in countries like China and India. North America held a significant portion of the market, contributing 32.6% of global revenue in 2023. The regions growth is supported by high travel rates and consumer spending on premium luggage brands, with the United States playing a pivotal role due to its large number of frequent travelers and business professionals seeking high quality luggage options. Europe also represents a key market, characterized by high travel activity and a preference for premium and designer luggage, with countries like Germany, the United Kingdom, and France being major contributors. The European market is projected to grow at a CAGR of 4.5% from 2024 to 2032. Additionally, the Middle East & Africa and Latin America regions are witnessing gradual market expansion, attributed to rising urbanization and economic development. Overall, the global travel luggage bag market is poised for steady growth, fueled by evolving consumer preferences, technological advancements, and an uptick in global travel activities.
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Samsonite India
VIP Industries Limited
Safari
Delsey
Briggs and Riley
Rimowa
VF Corporation (Eagle Creek and Eastpak)
Travelpro
Tommy Hilfiger
Victorinox
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Travel Luggage Bag Market
Hardshell Luggage
Softshell Luggage
Travel Backpacks
Duffel Bags
Garment Bags
Rolling Luggage
Polyester
Nylon
Polycarbonate
Aluminum
Leather
Canvas
Carry-on Luggage
Medium-sized Luggage
Large Luggage
Expandable Luggage
Business Travelers
Leisure Travelers
Students
Families
Frequent Flyers
Economy (Under $100)
Mid-range ($100 - $300)
Premium ($300 and above)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Travel Luggage Bag Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Travel Luggage Bag Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Travel Luggage Bag Market, By Type
6. Global Travel Luggage Bag Market, By Application
7. Global Travel Luggage Bag Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Travel Luggage Bag Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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